Wednesday, February 12, 2014

Warren Buffett's Bet on Decrepit Baby Boomers Continues to Pay Off (BRK.a; DVA)

Last I saw Berkshire owned a bit over 17% of DaVita.
The stock is up 5.35% at $67.77.
From Zacks via NASDAQ:

DaVita Healthcare Beats on Q4 Earnings & Revs, Guides High - Analyst Blog
DaVita HealthCare Partners Inc. ( DVA ) reported fourth-quarter 2013 net operating earnings of 99 cents per share, beating the Zacks Consensus Estimate by a penny. The number also increased 17.9% year over year.

Bottom-line growth came on the back of higher revenues during the quarter.

DaVita Healthcare's net income came in at 99 cents per share, up 30.3% year over year.

Operational Update
Total revenue for DaVita Healthcare increased 23.6% from the prior-year quarter figure to approximately $3.06 billion. The top line was a tad higher than the Zacks Consensus Estimate of $3.05 billion. The year-over-year increase was attributable to strong performance at Dialysis and Related Lab Services segment....MORE
 Chart forDaVita HealthCare Partners Inc. (DVA)
Berkshire began accumulating the stock in Q4 2011. I first passed on it in 2002.
Previously:
Buffett Bets on the Boomers: End Stage Renal Disease (BRK.B; DVA)
Berkshire Hathaway Takes A Big Exxon Mobil Stake, Adds to Diabetes/Kidney Failure Bet (XOM; DVA)
Warren Buffett Extends Bet on Baby Boomers (and their failing kidneys) DVA